I'm late in posting this, but in case you haven't heard about the story, take a look. The story comes from the November 18, 2008 New York Times and is titled "Town Seeks a Library Benefactor to Ward Off Taxes".
Basically, a group of volunteers in Gilmanton, NH (named the Gilmanton Year-Round Library Association) raised sufficient funds over a decade to build and furnish a new library, but so far have avoided asking for a local tax increase to cover the library's annual operating budget. As the article states, "instead, the group is scouring New England, even placing advertisements in the alumni magazines of Harvard and other Ivy League universities, looking for someone who will provide at least $1 million for a private endowment."
According to the article, Gilmanton is one of only two towns in New Hampshire without a full-time public library. They do have three small, seasonal libraries that operate on shoestring budgets, mostly in the summer.
If any of our members are familiar with Gilmanton's project, please leave a comment!
p.s. If the NY Times link goes dead, you can find the article elsewhere on the web, for example, here.